Have Institutional Investors Destabilized Emerging Markets? /
In the past few years there has been a large increase in portfolio capital flows into emerging markets, mostly fueled by mutual funds and other institutional investors. Based on a simple variance ratio test, this paper finds that emerging stock markets as a group experienced a sharp increase in auto...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1996/034 |
| Online Zugang: | Full text available on IMF |